Oil prices face uncertainty as potential sanctions relief clashes with shipping risks
International oil markets are facing uncertainty as traders weigh the potential easing of some restrictions on Russian oil shipments against...
Tag Archives: #OilPrices
Oil Prices Hold Firm as US Considers Easing Restrictions on Tanker Fleet
International oil prices remained influenced by geopolitical developments on Friday as traders assessed possible changes to US restrictions affecting the...
Ukraine Resumes Strike on Russian Oil Refinery as Energy Ceasefire Collapses
Ukraine has resumed strikes on Russian oil infrastructure after abandoning an attempted pause in attacks on energy facilities, dealing another...
Oil Prices Surge Above $104 as Supply Disruptions Threaten Global Energy Markets
International oil prices rose sharply on Thursday, October 8, as rising tensions in the Middle East and the threat of...
Oil Prices Jump Above $104 as Middle East Tensions Threaten Global Supply
Global oil prices climbed sharply on Thursday, October 8, as escalating tensions in the Middle East and the threat of...
Oil Prices Rise Above $100 as Middle East Tensions Grow
Global oil prices have risen sharply today as growing attacks on oil tankers in the Gulf and Strait of Hormuz...
G7 Plans 100 Million-Barrel Oil Release as Global Fuel Prices Remain High
The Group of Seven (G7) has agreed to release about 100 million barrels of crude oil and diesel from emergency...
South Africa Announces Sharp Fuel Price Hike as Global Oil Costs Surge
South Africa has announced a sharp increase in petrol and diesel prices, with the new rates scheduled to take effect...
South African Rand Weakens as $100-Plus Oil Adds Pressure Ahead of Fed Decision
The South African rand weakened on Monday as renewed disruption to Middle Eastern oil supplies pushed crude prices higher, adding...
South Africa Swings to Current Account Deficit as Iran War Drives Up Import Costs
South Africa recorded a current account deficit in the second quarter of 2026, reversing the strong surplus recorded during the...